BlackSky Technology Inc. - BKSY STOCK NEWS

BlackSky Technology has appointed Henry Dubois as the new Chief Financial Officer effective June 10, 2022. Dubois, who has over 30 years of experience in the remote sensing industry, previously served as CFO at GeoEye, where he significantly increased revenue. BlackSky reaffirms its 2022 revenue guidance of $58 million to $62 million, supported by a recent billion-dollar contract from the U.S. National Reconnaissance Office. The company continues to enhance its position in the geospatial intelligence market with its advanced satellite constellation and analytics platform.

BlackSky (NYSE: BKSY) has secured a contract from the National Reconnaissance Office (NRO) to provide advanced high frequency imagery services over a potential ten-year period. This contract, which commences in Q2 2022, enhances BlackSky's relationship with the NRO and supports their critical missions using new satellite capabilities. The deal includes a five-year base period and five additional one-year options, indicating significant long-term growth potential for BlackSky’s satellite imagery services.

BlackSky Technology reported a record revenue of $13.9 million for Q1 2022, reflecting a 91% increase compared to the previous year. The growth was driven by a 63% rise in imagery and software analytical services, constituting 70% of total revenue. However, the company incurred a net loss of $20.0 million and an adjusted EBITDA loss of $9.5 million. BlackSky continues to anticipate a strong demand, projecting full-year revenue between $58 million and $62 million, marking a 76% increase year-over-year.

BlackSky Technology Inc. (NYSE: BKSY) will present at the 17th Annual Needham Technology & Media Conference on May 16, 2022, at 11:00 AM ET. CEO Brian O’Toole and CFO Johan Broekhuysen will lead the presentation, with management available for one-on-one virtual meetings throughout the day. BlackSky focuses on real-time geospatial intelligence using its satellite constellation to provide timely data that informs customers of critical changes globally. For more details, visit the investor relations website.

BlackSky (NYSE: BKSY) announced enhancements to its site monitoring capabilities, introducing new analytics and imaging features. These upgrades allow for more comprehensive information gathering across diverse global locations. The company now offers customizable monitoring solutions, including API-level customization and advanced object identification. These tools aim to assist various sectors, including government and financial services, in tracking economic assets and activities effectively. BlackSky emphasizes the significance of timely insights for operational decision-making.

BlackSky Technology Inc. (NYSE: BKSY) will hold a conference call on May 11, 2022, at 8:30 AM ET to discuss its first quarter 2022 results and business outlook. A press release revealing financial results will be issued prior to the call. To participate, dial 1-877-589-7299 (domestic) or 1-201-689-8778 (international) ten minutes early. The call can be accessed via a live web simulcast and a replay will be available from 12:30 PM ET on May 11 through May 25, 2022.

PAR Technology Corporation (NYSE: PAR) announced that its subsidiary, PAR Government Systems Corporation, has integrated BlackSky's (NYSE: BKSY) satellite data into its Sit(x)™ suite, enhancing real-time operational capabilities for tactical users. This collaboration provides access to critical imagery via the Tactical Assault Kit (TAK) platform. With Sit(x), data sharing among military and civilian personnel is streamlined, facilitating improved decision-making in dynamic environments. Demonstrations are taking place at GEOINT 2022, showcasing real-time personnel tracking over BlackSky images of Ukraine.

BlackSky Technology (NYSE: BKSY) has successfully launched two new satellites within 45 days while shifting orbits to enhance imaging over Ukraine. Following the launch on April 2, the company provided customers with analytics and imagery products within 24 hours, significantly increasing constellation capacity. CEO Brian E. O’Toole highlighted the rapid deployment and enhanced revisit frequency of the satellites, crucial for on-ground monitoring amidst the ongoing conflict.

BlackSky (NYSE: BKSY) announced the successful launch of two new satellites on April 2, 2022, expanding its constellation from 12 to 14 units. This mission, part of a recent series, allowed the company to achieve a record in commercial operations, generating high-resolution images and analytics within just 12 hours of launch. The increased capacity enables enhanced monitoring and analysis of critical global activities, with an average daily revisit rate of 8 to 10 times for most locations.